Active

Yuba-nevada Road #1-7

Dobbins, CA 95935

$425,000 $1,791/Mo

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Overview

Bed

Bath

2,068

Sqft

702,187.20

Sqft(Lot)

Description

The 16 acre Artemis Meadow Mobile Home Park is a great Value with lots of upside potential! Park features 5 mobile home sites. Each site rents for $400 per month. 4 sites are currently rented with tenant owned homes. Unit 5 features a double wide park owned home. Other buildings include a site build home(unit#1), a 2 car garage and a cafeteria/commercial kitchen space(unit#7) that is currently being used as storage. Property comes with a double wide trailer (still on wheels) that was once a classroom. This home is 2x4-2x6 construction and is built strong, needs to be converted to a home and installed. Buyer to verify. Each home has its own electric meter and septic system. The park is supported by a strong well with regular potability testing. Units 5b and 7 need renovation. This is truly a diamond in the ruff. Currently at 7.3 % CAP rate. Well above the average, with the potential to easily double your yearly income. Seller willing to carry with $250k down, for 3 years, at 7%. On 16 acres, you have plenty of space to build your dream home separate from the park and with privacy. Live and work in beautiful Dobbins California. Dobbins is a tight niche community with local shops, dining, farmers market and lakes for recreation.

Property Details

Property Type : Residential

Price : $425,000

AD Id : 54389355

MLS Id : 223118068

Beds : 4

Lot Size : 702,187.20 Sqft

Living Area Size : 2,068

Year Built : 1971

County : Yuba

Map

Features

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Maple Springs Trail, Dobbins, CA, 95935	$382,000	3	2	1,231	1,231 SqFt
Yuba-nevada Road, Dobbins, CA, 95935	$390,000	3	2	2,068	2,068 SqFt
Lake Francis Ext Road, Dobbins, CA, 95935	$450,000	2	2	1,344	1,344 SqFt
La Place Lane, Dobbins, CA, 95935	$199,000	1	1	700	700 SqFt
Meadow Valley Road, Dobbins, CA, 95935	$695,000	3	2	4,002	4,002 SqFt
Oregon Peak Road, Dobbins, CA, 95935	$285,000	4	2	2,682	2,682 SqFt
Merriam Road, Dobbins, CA, 95935	$360,000	3	2	1,795	1,795 SqFt
Meadow Valley Road, Dobbins, CA, 95935	$499,000	2	2	2,192	2,192 SqFt